Lower Power Bills for PSE Customers

Average Monthly Statement for Residences and Small Farms to Drop by $6

BELLEVUE, Wash. (June 3, 2014) – Starting this month, households and qualifying small farm owners can expect their Puget Sound Energy electric bills to drop due to the pass-through of a higher amount of the federal energy exchange credit.

Washington state’s Utilities and Transportation Commission accepted PSE’s proposal to pass through from June 2014 through May 2015 a nearly $63 million payment for PSE customers from the federal Columbia River benefits supplied by the Bonneville Power Administration (BPA). PSE made the initial request in April.

For PSE residential customers using an average 1,000 kilowatt hours (kWh) of electricity, the average monthly bill will drop nearly 6 percent, or $5.89, for one year. That would take the average monthly statement from about $99 down to roughly $93.

BPA has provided the energy exchange credit since 1981 to customers of investor-owned utilities under the Northwest Power Act of 1980.

About Puget Sound Energy

Puget Sound Energy is Washington state’s oldest local energy company. We serve 1.1 million electric customers and more than 770,000 natural gas customers in 10 counties. For more information, visit www.PSE.com. Also follow us on Facebook and Twitter.